{"id":1659,"date":"2026-07-18T04:40:38","date_gmt":"2026-07-18T04:40:38","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1659"},"modified":"2026-07-18T04:40:38","modified_gmt":"2026-07-18T04:40:38","slug":"elon-musks-net-worth-drops-below-800-billion-after-starship-launch-aborted","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1659","title":{"rendered":"Elon Musk\u2019s Net Worth Drops Below $800 Billion After Starship Launch Aborted"},"content":{"rendered":"<div>\n<h2>surprising fact<\/h2>\n<p>Musk\u2019s net worth is now smaller than it was before SpaceX\u2019s record-setting IPO, falling below the $813 billion his fortune was valued at as of June 3. The trading debut for Musk\u2019s rocket maker made him the world\u2019s first trillionaire, and his wealth peaked at $1.45 trillion when SpaceX shares hit an all-time high on June 16, marking a nearly $700 billion decline as of Friday.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1657\">Trump Death Threats: Three Men Arrested For Threats On TikTok, Facebook And Rumble<\/a><\/p>\n<h2>what to watch for<\/h2>\n<p>Musk\u2019s Tesla will report earnings on July 22. Shareholders have <u>submitted<\/u> questions to Musk and Tesla executives ahead of an investor call, and several of the most-upvoted prompts ask why Tesla\u2019s robotaxi plans have \u201cstalled.\u201d One such question asks Tesla directly: \u201cWhat is keeping Tesla back from accomplishing these short-term goals that they\u2019ve set for themselves?\u201d<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1655\">Taco Bell: \u2018Affected\u2019 Lettuce Now Removed\u2014Customers Can Order \u2018Safely\u2019<\/a><\/p>\n<h2>key background<\/h2>\n<p>The latest test flight for Starship comes after a failed attempt in May, during which the rocket\u2019s Super Heavy booster failed to make a controlled landing in the Gulf of Mexico after several engines failed to reignite. Musk has boasted SpaceX\u2019s Starship for years as the firm aspires to ferry cargo and humans to the moon and Mars, and at about 400 feet tall, the rocket is considered the largest ever. Some test flights have resulted in explosions, including a launch last year that Musk called a \u201cminor setback,\u201d arguing it was \u201cnot easy making life multiplanetary.\u201d SpaceX pointed to Starship as the forefront of its growth strategy in its IPO prospectus, which the company claims is designed to be the \u201cworld\u2019s first fully and rapidly reusable spacecraft\u201d with plans to reduce costs to reach orbit by 99%.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1653\">Trump Approval Rating: Hits All-Time Low On The Economy In Latest Poll<\/a><\/p>\n<div><\/div>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Elon Musk\u2019s Fortune Falls Below $900 Billion As SpaceX Slide Worsens<\/span><small>By <span>Ty Roush<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Another attempt will come \u201chopefully in a few days,\u201d Musk said.<\/p>\n","protected":false},"author":1,"featured_media":1658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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